Identify Payconiq transactions in your statements
Payconiq uses transfers or SEPA Credit Transfers to pay the transactions conducted in your business into your bank account.
The sender of this transfer depends on the way in which your customer is registered in the app and the way in which you wish to receive your payments.
If your transactions are paid individually or separately into your bank account:
The possible senders of the payments will be:
- Your customer himself/herself
- Payconiq International SA
- Payconiq Third-Party Money Foundation
The message will look like this:
Payconiq (8 characters) + Transaction reference (24 characters) + store name (max. 23 characters) + Reference (max. 35 characters) + message (max. 46 characters)
Example: for payment of a Payconiq transaction conducted in Shop 1 on 10th September 2020 in which the merchant reference is 123456 and the description is 'Cookies', the message will look like this: Payconiq f60454fd52e429d71964745d Shop 123456 Cookies?
If your transactions are paid in bulk into your bank account:
The sender of the payment will ALWAYS be Payconiq International SA.
The message will look like this:
Date of the transactions (8 characters) + payment reference (24 characters) + grouping reference (max. 35 characters) + PQ BulkRecon (9 characters) + your Payconiq connection number (24 characters)
Example: for payment of all Payconiq transactions conducted in Shop 1 on 10th September 2020 in which the merchant connection number with Payconiq is 5b31feeb557b090001e7b302, the message will look like this: 20200910-5f5aa1e06fd2194274608ea9-SHOP1-PQ-BulkRecon-5b31feeb557b090001e7b302
If you use CODA for reconciling your transactions, take a look here at how best to identify transactions automatically.